{"id":893,"date":"2014-08-27T20:15:43","date_gmt":"2014-08-27T20:15:43","guid":{"rendered":"http:\/\/mfgtechupdate.com\/?p=893"},"modified":"2014-08-27T20:15:43","modified_gmt":"2014-08-27T20:15:43","slug":"order-bookings-for-the-german-machine-tool-industry-still-on-course","status":"publish","type":"post","link":"https:\/\/mfgtechupdate.com\/order-bookings-for-the-german-machine-tool-industry-still-on-course\/","title":{"rendered":"Order Bookings for the German Machine Tool Industry Still on Course"},"content":{"rendered":"

In the second quarter of 2014, order bookings in the German machine tool industry rose by 1%\u00a0compared to the second quarter of 2013. Domestic order bookings were 16%\u00a0up on the preceding year, whereas export orders fell by 7%. For the first half of 2014, order bookings were 6%\u00a0up on the preceding year\u2019s figure overall. Domestic order bookings rose by 18%, while demand from abroad was down by 1%.<\/p>\n

\u201cGerman machine tools were still in demand during the year\u2019s first half\u201d, comments Dr. Wilfried Sch\u00e4fer, Executive Director of the sectoral organisation VDW (German Machine Tool Builders\u2019 Association) in Frankfurt am Main. Demand from domestic customers in particular, he adds, has picked up perceptibly, whereas demand from abroad has slid into minus territory. \u201cThe general uncertainty due to numerous trouble-spots is causing foreign customers to hold back on new investment projects\u201d, says Sch\u00e4fer. This is being reflected particularly in the year\u2019s second quarter, by falls in machine tool orders from countries outside the eurozone. In the eurozone itself, by contrast, there is a returning uptrend, with a plus of 13%.<\/p>\n

Sales finished the year\u2019s first half with a black zero. \u201cFor the production output, we are nonetheless staying with the growth forecast of three per cent in the ongoing year\u201d, emphasises VDW Executive Director Sch\u00e4fer. However, he adds, this is an ambitious target, and conditional upon another recovery in demand from abroad.
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In the first half of 2014, sales shifted towards the German market, mirroring the development in order bookings. Exports, by contrast, are showing signs of deceleration. One of the causes involved is the fall in deliveries to China, South Korea and India. \u201cBusiness with Asia is proving more sluggish than we\u2019d hoped\u201d, says Sch\u00e4fer. Nonetheless, international industrial production output and capital investment are expected to gain in momentum during 2014. The USA remains the growth driver for demand recovery among German manufacturers, while Europe is suffering from stagnation overall.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

In the second quarter of 2014, order bookings in the German machine tool industry rose by 1%\u00a0compared to the second quarter of 2013. Domestic order bookings were 16%\u00a0up on the preceding year, whereas export orders fell by 7%. For the first half of 2014, order bookings were 6%\u00a0up on the preceding year\u2019s figure overall. Domestic […]<\/p>\n","protected":false},"author":1,"featured_media":824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[621,1451],"class_list":["post-893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-german-machine-tool","tag-vdw"],"_links":{"self":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/posts\/893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/comments?post=893"}],"version-history":[{"count":0,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/posts\/893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/media\/824"}],"wp:attachment":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/media?parent=893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/categories?post=893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/tags?post=893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}